Aurum_Capital

Aurum_Capital

✅The current gold price is in a continuous decline, and the decline is gradual. After each rebound, a new round of decline will begin. The high point of the rebound has not broken through the starting point, indicating that the bearish force dominates the market. ✅The 10-day moving average is the key reference position for the current rebound and callback. If the...

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✅From the technical chart, gold is still below the main moving averages, and the short-term technical indicators are in the bearish area, indicating a clear downward trend. At present, the momentum of gold's rise is weak, and the risk of falling is relatively large. If the price of gold falls further, $2,580 is an important support level. Once it falls below this...

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✅Today, gold faces a pivotal moment as the final Federal Reserve interest rate decision of 2024 is set to be announced. The market overwhelmingly expects a 25-basis-point rate cut, which is essentially seen as a certainty. This decision is considered bullish for gold, further supported by ongoing geopolitical tensions, suggesting that gold's upward trend is likely...

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✅Yesterday, gold closed with a cross star candlestick. Although it once dropped to a low of 2633, it rebounded and closed above 2645 at the end of the trading day, close to the opening price. The overall trend continued to fluctuate slowly, and the key support level below was near 2605, which was the critical point for the short-term long and short competition....

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🔸The overall market sentiment is currently cautious, mainly because of the major event of the Federal Reserve's interest rate decision to be announced this week. The market generally chooses to wait and see, and the trading atmosphere is relatively light. Gold retreated slightly after opening at the beginning of the week, and then began to pull back and correct,...

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✅Support area below: The strong short-term support level of gold is in the 2640-2635 area. This position is expected to become the key area for short-term bullish rebound, so it is not recommended to chase shorts below 2650. If the short-term drops to around 2640 again, it will be a good opportunity for longs to enter the market, rather than a time to chase...

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✅This week's golden weekly closed a positive line with a long upper shadow, showing that bulls still have some strength, but the short-term moving average has clearly turned downward and the MACD indicator has opened downward after heavy volume after a dead cross at a high level, indicating the overall weekly trend. Bearish. ✅The daily structure shows a typical...

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🔸Daily level: Gold prices continued to close the positive line at the beginning of the week, but fell back under pressure near 2726.50 yesterday. The daily line closed the negative line, giving up the previous gains, showing that the strong continuity is insufficient. At present, the daily K-line closed near the low point of the previous day, showing a typical...

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🔸Judging from the current technical trend, the possibility of gold directly breaking through 2730 and hitting a new high is low. If there is significant selling pressure in the 2720-2730 area above, it will trigger profit-taking by bulls, or trigger short-selling sentiment as risk aversion subsides, thus becoming a signal for a new round of daily decline in gold....

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🔸Yesterday, the price of gold rose strongly and closed with a big positive line. Although it failed to completely break through the suppression of the upper track of the Bollinger Band, the overall trend was still strong. The positive news and the promotion of the geopolitical situation allowed the rebound in the morning to continue. At present, the price of gold...

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🔸Today, gold continued to consolidate at a high level and did not continue its strong rise. There is a possibility of a correction at any time in the short term. Although gold broke upward, the strength was relatively limited. A "double top" pattern was formed in the short term, and the key support level below was near 2645. If the gold price fails to fall below...

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🔶Yesterday, the price of gold rose sharply, and the daily line closed with a big positive line. The price of gold rose strongly from $2564 to $2614, an increase of more than $50 in a single day. In the morning trading today, the price of gold further rose, reaching a high of $2626, and has now risen by $63. The short-term pattern and technical indicators have...

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🔶After the gold daily line experienced a 6-day adjustment and decline, the short-term downward trend has eased, and there are signs of stabilization and rise. The stochastic indicator (KDJ) is at a low level, although it is temporarily blunted, but the further downward space is limited. The MACD indicator double-line adhesion is downward, and the kinetic energy...

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🔥Dear investors, have a good weekend. 🔶Recently, everyone has been paying close attention to whether the gold bull market is over. Although the current correction is large and short-lived, from the overall increase this year, the gold price has risen by about $800, which is a record high in terms of both the increase ratio and the absolute price increase. After a...

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🔶Gold's daily line rebounded after a continuous decline. It ended with a long lower shadow hammer yesterday, indicating that the downward momentum has been suspended and the rebound correction is reasonable. It closed at a neutral position, and the overall trend was still bearish. The rebound was weak, indicating that the bears have not yet reversed, and it is...

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Gold's daily line rebounded after a continuous decline. It ended with a long lower shadow hammer yesterday, indicating that the downward momentum has been suspended and the rebound correction is reasonable. It closed at a neutral position, and the overall trend was still bearish. The rebound was weak, indicating that the bears have not yet reversed, and it is...

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🔶In the early European session on Thursday, gold prices continued to fall and have now fallen below the key support level of $2,550, hitting a two-month low. In the short term, the gold market is affected by the strength of the US dollar and expectations of US economic data, and the technical side gradually tends to be bearish. 🔶Gold prices have closed negative...

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The current trend of gold is in line with expectations. The price of gold has fallen back after rising and is currently below 2600. The daily line closed lower on four consecutive negative lines, and the decline continued and gradually deepened, showing a weak short-term pattern in the short term. Yesterday, gold rebounded to 2618 and then fell back under...